Michael Filloon
Oil & gas, energy, hedge fund manager, commodities

Bakken Update: Magnum Hunter Disappoints In Q2 As Management Tries To Decrease Its Leverage

Magnum Hunter (MHR) missed on both the top and bottom lines in Q2. It should come as no surprise as this company continues to over promise and under achieve. At one time, this company had a lot of promise. It had acreage in top notch Gonzales County acreage in the Eagle Ford. It also had good acreage in the Bakken, Utica and Marcellus. Magnum had really over leveraged itself over a period of years, and this has been difficult for the company as its interests are too spread out. This proved difficult to manage. This wasn't its only problem, but its a very general description of how it got here. This precipitated the deal to sell its Eagle...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details